Senate candidates disclose finances

Senate candidates disclose finances

Republican U.S. Rep. Bill Cassidy, of Baton Rouge, Democratic U.S. Sen Mary Landrieu and two other Republican candidates for the Senate — retired Air Force colonel Rob Maness, of Madisonville, and state Rep. Paul Hollis, of Covington — all submitted financial disclosure reports.

Congressional regulations call for candidates to list their income, assets and debts in ranges, so the reports do not provide exact totals. Candidates are not required to list the value of their primary residences nor their spouses’ incomes, and congressional officeholders don’t have to include their legislative salaries of $174,000 a year.

His liabilities include two mortgages on his home: a first mortgage of $100,000 to $250,000 taken out in 2009, and a second of $250,000 to $500,000 in 2012.

Landrieu holds a retirement account valued at $50,000 to $100,000 that produced $15,000 to $50,000 of income in 2013. She reported less than $15,000 in her bank account, a mutual fund valued at $15,000 to $50,000, ownership of land in Slidell worth $350,000 to $750,000 and, through her family’s Nineland Partnership in New Orleans, real estate and other assets worth $250,000 to $500,000 that generated $5,000 to $15,000 in income.

Landrieu listed her and her husband’s mortgages as between $600,000 and $1.25 million, a line of credit for Snellings at $100,000 to $250,000 and a debt of her own of $50,000 to $100,000.

Maness reported military retirement income of nearly $90,000 for 2013; he reported other retirement-plan assets of $150,000 to $350,000 and income from them of $7,500 to $20,000. He also collected a salary of just over $120,000 in 2013 from a job with Entergy, a position he left in August.

Maness owns a farm in Indiana, which he said produced $4,475 in income for him in 2013. He valued the farm at between $500,000 and $1 million, and reported mortgages on it of between $200,000 and $500,000. The mortgage on his home is between $500,000 and $1 million, he said.

Maness holds a joint bank account, with his wife, Candy, of $15,000 to $50,000. He also listed $150,000 to $300,000 in deferred-compensation plans.

Hollis did include his legislative income of $42,566 and retirement income of just over $20,000. He also reported earning between roughly $100,000 and $300,000 from investments, as well as just under $210,000 as director of Hollis Companies, He also reported earning $5,000 to $15,000 as owner of Paul Hollis Rare Coins.

Hollis’ assets include Hollis Companies, valued at $500,000 to $1 million; various mutual funds and investments totaling about $650,000 to $1.62 million; bank accounts of $65,000 to $150,000; a residential lot worth $100,000 to $250,000; a condo valued at $100,000 to $250,000, from which he earned $5,000 to $15,000 in rent; and his coin company, valued at $15,000 to $50,000.